ATOM Experiences 5.1% Volatility Amid Selling Pressure and Recovery Attempts
Global trade tensions and monetary policy shifts are impacting cryptocurrency markets, particularly ATOM, which has shown notable volatility.
Key facts from recent trading (30 June 15:00 to 1 July 14:00):
- ATOM-USD experienced a price range of $0.207 (5.1%).
- Resistance formed around $4.16-$4.18 with volume of 804K at 19:00.
- Support at $4.04 broke at 04:00 with heavy volume (562K), pushing the price below $4.00.
- Despite a late recovery attempt, immediate resistance is at $4.02 and support at $3.98.
- In the final hour, ATOM-USD rose from $4.004 to $4.024 (0.5% gain).
- An uptrend was observed with increasing volume (44.9K) at 13:44.
- A local high of $4.032 was established at 13:53, creating new resistance at $4.03.